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EURUSD Soars on Fed’s December Rate Cut Signals While USDCAD Holds Steady

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Fed officials signal a strong likelihood of a December rate cut, boosting EURUSD and weakening the dollar.
  • USDJPY rises amid yen intervention concerns.
  • USDCAD remains largely unaffected with minimal movement as markets await upcoming US economic data.
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Stored market data

EURUSD price history

1.15 -1.71% over the displayed period

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